Automakers are also offering more leasing deals, as well as other discounts and incentives. While you spent the summer vacationing and traveling, many electric vehicles sat idle on dealer lots. At the end of July, it took dealers an average of 81 days — nearly three months — to sell the EVs that arrived in… Continue reading It’s a good time to get a deal on an EV as they sit around on dealer lots
Author: Economic Times of India Online News
Key PLI schemes bring significant boost to local EV manufacturing in India
Under the PLI scheme, automakers can receive a government grant of 13-15% of the annual sales value of EVs, which helps increase the company’s sales and offsets the higher costs of investing in new technologies. New Delhi: To bolster the domestic electric vehicle (EV) manufacturing, the government’s production-linked incentive (PLI) scheme with an approved outlay… Continue reading Key PLI schemes bring significant boost to local EV manufacturing in India
E For Erratic: Why Green Ride Is Underpowered
Many charging stations installed by PSUs in major locations of Delhi are non-functional. New Delhi: Delhi prides itself as the electric vehicle capital of the country. Pushing the eco-friendly mode of travel in the city, Delhi govt expanded the EV infrastructure and claimed that the number of charging points increased from 4,700 to 18,000 in… Continue reading E For Erratic: Why Green Ride Is Underpowered
South Korea Battery Plant Rushed Production Before Deadly Fire, Police Say
Fire at a lithium battery plant in South Korea in June broke out after the factory’s operator rushed production. The fire at a lithium battery plant in South Korea that killed 23 workers in June broke out after the factory’s operator rushed production, ignored signs of danger and provided no safety training to employees, investigators… Continue reading South Korea Battery Plant Rushed Production Before Deadly Fire, Police Say
‘Success cases’ from climate policies reveal ‘right mix of measures’ crucial for cutting emissions
Right mix of measures along with climate policies crucial to ensure better outcomes. New Delhi: Merely a higher number of climate policies aimed at reducing emissions do not lead to better outcomes, instead, the right mix of measures is crucial, according to researchers who analysed 1,500 policy interventions implemented between 1998 and 2022. In their… Continue reading ‘Success cases’ from climate policies reveal ‘right mix of measures’ crucial for cutting emissions
ECOS (India) Mobility & Hospitality IPO: Offer details, price band and more
The Equity Shares to be offered are intended to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). ECOS (India) Mobility & Hospitality Limited is set to open its initial public offering (IPO) of Equity Shares on Wednesday, August 28, 2024. The total offer size comprises an Offer for Sale… Continue reading ECOS (India) Mobility & Hospitality IPO: Offer details, price band and more
Committed to advancing India’s EV ecosystem, fostering local manufacturing: Minister
Minister of State Bhupathiraju Srinivasa Varma said that India is on track to become a USD 5 trillion economy, with the automotive sector playing a pivotal role. New Delhi: The government is committed to advancing India’s electric vehicle (EV) ecosystem, fostering local manufacturing and promoting sustainable growth, Union Minister for Heavy Industries and Steel, H.D.… Continue reading Committed to advancing India’s EV ecosystem, fostering local manufacturing: Minister
We need to develop our own infrastructure and make more in India: Pralhad Joshi
Apart from Bengaluru, plans are on to establish EV testing facilities in Mumbai and Kolkata as well. India is blessed with talent, manpower and potential, so we need to go forward and make more in India, Union Minister of Consumer Affairs, Food & Public Distribution and New & Renewable Energy Pralhad Joshi said on Thursday.… Continue reading We need to develop our own infrastructure and make more in India: Pralhad Joshi
A study reveals high real-world emissions in Delhi and Gurugram; urges rapid shift to zero-emission vehicles
The report’s release coincides with a recent directive from the Supreme Court of India, which aims to finalise the Automotive Industry Standard (AIS) 170 and introduce remote sensing technology in the National Capital Region. A recent study conducted as a part of the Real Urban Emissions (TRUE) Initiative has revealed that motor vehicles in Delhi… Continue reading A study reveals high real-world emissions in Delhi and Gurugram; urges rapid shift to zero-emission vehicles
Rupee’s record lows mask currency’s trade-weighted overvaluation
The rupee is hovering near 84 to a dollar, and is down 0.9% so far this year, but on a REER basis, it’s up 3.6% in seven months to July. A gauge showing the Indian rupee’s value against its key trading partners rose to the highest in more than six years in July, even as… Continue reading Rupee’s record lows mask currency’s trade-weighted overvaluation